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Wednesday, 7 November 2018

Reliance Telecom and RCom has a total of Rs 19.34 in their bank

Reliance Telecom and RCom has a total of Rs 19.34 in their bank

Reliance Telecom and its unit Reliance Communications Ltd in all 144 bank accounts has a total amount of Rs.19.34 crores left. Both companies have said this in the affidavit given to the Delhi High Court in connection with the lawsuits filed by American Tower Corp. Boston Tower Company, American Tower Corp claimed RCom dues of around Rs 230 crore.

Here, the company of Anil Ambani, under the debt of Rs 46,000 crore, closed its wireless business last year because its revenue was constantly falling while the deficit was on the rise. RCom was being dragged into bankruptcies in this year's proceedings, but it was saved.

The next hearing will be on December 13. A person aware of the case told that the tower company has claimed 230 crore rupees in the form of exit fees and service charges on RCom and RTL.

According to him, RCom had stopped wireless services in December, so they have to pay the money to get away from the tower lease agreement.